View ValuationServyou Software Group 将来の成長Future 基準チェック /46Servyou Software Group利益と収益がそれぞれ年間44.3%と19.1%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に15.6% 43.9%なると予測されています。主要情報44.3%収益成長率43.86%EPS成長率Software 収益成長34.2%収益成長率19.1%将来の株主資本利益率15.63%アナリストカバレッジLow最終更新日07 May 2026今後の成長に関する最新情報Major Estimate Revision • Apr 29Consensus revenue estimates decrease by 15%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from CN¥2.87b to CN¥2.43b. EPS estimate unchanged from CN¥0.76 per share at last update. Software industry in China expected to see average net income growth of 55% next year. Consensus price target up from CN¥59.50 to CN¥70.00. Share price fell 7.0% to CN¥55.60 over the past week.Price Target Changed • Jan 07Price target increased by 8.7% to CN¥59.50Up from CN¥54.72, the current price target is an average from 2 analysts. New target price is 7.0% below last closing price of CN¥63.95. Stock is up 133% over the past year. The company is forecast to post earnings per share of CN¥0.52 for next year compared to CN¥0.28 last year.Price Target Changed • Feb 06Price target increased by 17% to CN¥42.90Up from CN¥36.63, the current price target is an average from 3 analysts. New target price is 13% above last closing price of CN¥37.98. Stock is up 53% over the past year. The company is forecast to post earnings per share of CN¥0.45 for next year compared to CN¥0.21 last year.Major Estimate Revision • Aug 26Consensus EPS estimates fall by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥2.19b to CN¥2.11b. EPS estimate also fell from CN¥0.608 per share to CN¥0.52 per share. Net income forecast to grow 241% next year vs 51% growth forecast for Software industry in China. Consensus price target of CN¥36.63 unchanged from last update. Share price fell 3.2% to CN¥23.82 over the past week.Major Estimate Revision • Jun 28Consensus EPS estimates increase by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥2.14b to CN¥2.19b. EPS estimate increased from CN¥0.55 to CN¥0.608 per share. Net income forecast to grow 239% next year vs 54% growth forecast for Software industry in China. Consensus price target up from CN¥36.63 to CN¥39.29. Share price rose 27% to CN¥28.92 over the past week.Price Target Changed • Apr 20Price target decreased by 16% to CN¥36.63Down from CN¥43.63, the current price target is an average from 3 analysts. New target price is 69% above last closing price of CN¥21.61. Stock is down 51% over the past year. The company is forecast to post earnings per share of CN¥0.57 for next year compared to CN¥0.21 last year.すべての更新を表示Recent updatesMajor Estimate Revision • Apr 29Consensus revenue estimates decrease by 15%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from CN¥2.87b to CN¥2.43b. EPS estimate unchanged from CN¥0.76 per share at last update. Software industry in China expected to see average net income growth of 55% next year. Consensus price target up from CN¥59.50 to CN¥70.00. Share price fell 7.0% to CN¥55.60 over the past week.New Risk • Apr 26New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 25% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company.Reported Earnings • Apr 24First quarter 2026 earnings released: EPS: CN¥0.08 (vs CN¥0.06 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.08 (up from CN¥0.06 in 1Q 2025). Revenue: CN¥487.6m (up 8.7% from 1Q 2025). Net income: CN¥31.3m (up 26% from 1Q 2025). Profit margin: 6.4% (up from 5.5% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.お知らせ • Apr 23Servyou Software Group Co., Ltd., Annual General Meeting, May 14, 2026Servyou Software Group Co., Ltd., Annual General Meeting, May 14, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang ChinaNew Risk • Apr 02New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.4% average weekly change). Large one-off items impacting financial results.お知らせ • Mar 30Servyou Software Group Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026Servyou Software Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026Price Target Changed • Jan 07Price target increased by 8.7% to CN¥59.50Up from CN¥54.72, the current price target is an average from 2 analysts. New target price is 7.0% below last closing price of CN¥63.95. Stock is up 133% over the past year. The company is forecast to post earnings per share of CN¥0.52 for next year compared to CN¥0.28 last year.お知らせ • Dec 26Servyou Software Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026Servyou Software Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: CN¥0.10 (vs CN¥0.07 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.10 (up from CN¥0.07 in 3Q 2024). Revenue: CN¥503.7m (up 7.4% from 3Q 2024). Net income: CN¥39.4m (up 42% from 3Q 2024). Profit margin: 7.8% (up from 5.9% in 3Q 2024). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.New Risk • Oct 14New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 191% Dividend yield: 0.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (191% cash payout ratio). Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results.お知らせ • Sep 30Servyou Software Group Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Servyou Software Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025Reported Earnings • Aug 22Second quarter 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.14 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.11 (down from CN¥0.14 in 2Q 2024). Revenue: CN¥473.7m (up 4.8% from 2Q 2024). Net income: CN¥46.3m (down 17% from 2Q 2024). Profit margin: 9.8% (down from 12% in 2Q 2024). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings.Buy Or Sell Opportunity • Jul 15Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 3.8% to CN¥43.54. The fair value is estimated to be CN¥35.95, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has declined by 32%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 298% in the next 2 years.New Risk • Jul 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (94% cash payout ratio). Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results.お知らせ • Jun 30Servyou Software Group Co., Ltd. to Report First Half, 2025 Results on Aug 20, 2025Servyou Software Group Co., Ltd. announced that they will report first half, 2025 results on Aug 20, 2025Buy Or Sell Opportunity • Jun 24Now 21% overvaluedOver the last 90 days, the stock has fallen 7.8% to CN¥40.45. The fair value is estimated to be CN¥33.37, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has declined by 32%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 298% in the next 2 years.New Risk • Jun 20New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 94% Dividend yield: 0.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (94% cash payout ratio). Large one-off items impacting financial results.Buy Or Sell Opportunity • May 29Now 24% overvaluedThe stock has been flat over the last 90 days, currently trading at CN¥41.79. The fair value is estimated to be CN¥33.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has declined by 32%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 298% in the next 2 years.Declared Dividend • May 26Dividend increased to CN¥0.20Dividend of CN¥0.20 is 33% higher than last year. Ex-date: 29th May 2025 Payment date: 29th May 2025 Dividend yield will be 0.5%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (77% earnings payout ratio) but not adequately covered by cash flows (94% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 216% over the next 3 years, which should provide support to the dividend and adequate earnings cover.New Risk • Apr 21New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 28% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results.Reported Earnings • Apr 19Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥0.28 (up from CN¥0.21 in FY 2023). Revenue: CN¥1.95b (up 6.4% from FY 2023). Net income: CN¥112.6m (up 35% from FY 2023). Profit margin: 5.8% (up from 4.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) also missed analyst estimates by 29%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.お知らせ • Apr 18Servyou Software Group Co., Ltd., Annual General Meeting, May 09, 2025Servyou Software Group Co., Ltd., Annual General Meeting, May 09, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang ChinaBuy Or Sell Opportunity • Apr 16Now 20% undervaluedOver the last 90 days, the stock has risen 47% to CN¥41.96. The fair value is estimated to be CN¥52.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 49% in 2 years. Earnings are forecast to grow by 345% in the next 2 years.お知らせ • Mar 28Servyou Software Group Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025Servyou Software Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025Buy Or Sell Opportunity • Mar 24Now 20% undervaluedOver the last 90 days, the stock has risen 36% to CN¥43.90. The fair value is estimated to be CN¥55.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 52% in 2 years. Earnings are forecast to grow by 309% in the next 2 years.分析記事 • Mar 19Unpleasant Surprises Could Be In Store For Servyou Software Group Co., Ltd.'s (SHSE:603171) SharesWhen close to half the companies in the Software industry in China have price-to-sales ratios (or "P/S") below 7.8x...Buy Or Sell Opportunity • Feb 27Now 22% undervaluedOver the last 90 days, the stock has risen 41% to CN¥43.77. The fair value is estimated to be CN¥55.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 52% in 2 years. Earnings are forecast to grow by 309% in the next 2 years.Buy Or Sell Opportunity • Feb 12Now 30% overvalued after recent price riseOver the last 90 days, the stock has risen 38% to CN¥42.67. The fair value is estimated to be CN¥32.81, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 53% in 2 years. Earnings are forecast to grow by 319% in the next 2 years.Price Target Changed • Feb 06Price target increased by 17% to CN¥42.90Up from CN¥36.63, the current price target is an average from 3 analysts. New target price is 13% above last closing price of CN¥37.98. Stock is up 53% over the past year. The company is forecast to post earnings per share of CN¥0.45 for next year compared to CN¥0.21 last year.New Risk • Jan 31New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Profit margins are more than 30% lower than last year (5.0% net profit margin).Buy Or Sell Opportunity • Jan 03Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.2% to CN¥27.64. The fair value is estimated to be CN¥35.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 52% in 2 years. Earnings are forecast to grow by 305% in the next 2 years.お知らせ • Dec 27Servyou Software Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 18, 2025Servyou Software Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 18, 2025分析記事 • Dec 20Servyou Software Group (SHSE:603171) Could Be Struggling To Allocate CapitalThere are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a...分析記事 • Nov 12Servyou Software Group Co., Ltd.'s (SHSE:603171) Shares Climb 30% But Its Business Is Yet to Catch UpDespite an already strong run, Servyou Software Group Co., Ltd. ( SHSE:603171 ) shares have been powering on, with a...Buy Or Sell Opportunity • Oct 30Now 22% undervaluedOver the last 90 days, the stock has risen 9.7% to CN¥28.61. The fair value is estimated to be CN¥36.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 52% in 2 years. Earnings are forecast to grow by 305% in the next 2 years.Reported Earnings • Oct 25Third quarter 2024 earnings released: EPS: CN¥0.07 (vs CN¥0.036 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.07 (up from CN¥0.036 in 3Q 2023). Revenue: CN¥469.1m (up 7.3% from 3Q 2023). Net income: CN¥27.7m (up 73% from 3Q 2023). Profit margin: 5.9% (up from 3.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Oct 09Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to CN¥27.91. The fair value is estimated to be CN¥36.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has declined by 43%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 331% in the next 2 years.お知らせ • Sep 30Servyou Software Group Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024Servyou Software Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024Major Estimate Revision • Aug 26Consensus EPS estimates fall by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥2.19b to CN¥2.11b. EPS estimate also fell from CN¥0.608 per share to CN¥0.52 per share. Net income forecast to grow 241% next year vs 51% growth forecast for Software industry in China. Consensus price target of CN¥36.63 unchanged from last update. Share price fell 3.2% to CN¥23.82 over the past week.Reported Earnings • Aug 20Second quarter 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.14 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.14. Revenue: CN¥451.8m (up 5.7% from 2Q 2023). Net income: CN¥55.5m (flat on 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China.分析記事 • Aug 02Servyou Software Group Co., Ltd.'s (SHSE:603171) 25% Share Price Plunge Could Signal Some RiskThe Servyou Software Group Co., Ltd. ( SHSE:603171 ) share price has softened a substantial 25% over the previous 30...Buy Or Sell Opportunity • Jul 24Now 21% undervaluedOver the last 90 days, the stock has risen 11% to CN¥25.85. The fair value is estimated to be CN¥32.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has declined by 42%. Revenue is forecast to grow by 48% in 2 years. Earnings are forecast to grow by 387% in the next 2 years.分析記事 • Jul 13These 4 Measures Indicate That Servyou Software Group (SHSE:603171) Is Using Debt ExtensivelyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...お知らせ • Jun 29Servyou Software Group Co., Ltd. to Report First Half, 2024 Results on Aug 20, 2024Servyou Software Group Co., Ltd. announced that they will report first half, 2024 results on Aug 20, 2024Major Estimate Revision • Jun 28Consensus EPS estimates increase by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥2.14b to CN¥2.19b. EPS estimate increased from CN¥0.55 to CN¥0.608 per share. Net income forecast to grow 239% next year vs 54% growth forecast for Software industry in China. Consensus price target up from CN¥36.63 to CN¥39.29. Share price rose 27% to CN¥28.92 over the past week.分析記事 • Jun 07Investor Optimism Abounds Servyou Software Group Co., Ltd. (SHSE:603171) But Growth Is LackingWith a median price-to-sales (or "P/S") ratio of close to 4.4x in the Software industry in China, you could be forgiven...分析記事 • May 14Are Investors Undervaluing Servyou Software Group Co., Ltd. (SHSE:603171) By 22%?Key Insights The projected fair value for Servyou Software Group is CN¥29.97 based on 2 Stage Free Cash Flow to Equity...Buy Or Sell Opportunity • May 10Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.3% to CN¥23.94. The fair value is estimated to be CN¥29.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has declined by 42%. Revenue is forecast to grow by 45% in 2 years. Earnings are forecast to grow by 370% in the next 2 years.Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: CN¥0.08 (vs CN¥0.08 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.08 (in line with 1Q 2023). Revenue: CN¥362.7m (up 9.7% from 1Q 2023). Net income: CN¥32.8m (up 2.4% from 1Q 2023). Profit margin: 9.0% (in line with 1Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Software industry in China.分析記事 • Apr 22There Might Be More To Servyou Software Group's (SHSE:603171) Story Than Just Weak EarningsServyou Software Group Co., Ltd.'s ( SHSE:603171 ) lackluster earnings announcement last week disappointed investors...Price Target Changed • Apr 20Price target decreased by 16% to CN¥36.63Down from CN¥43.63, the current price target is an average from 3 analysts. New target price is 69% above last closing price of CN¥21.61. Stock is down 51% over the past year. The company is forecast to post earnings per share of CN¥0.57 for next year compared to CN¥0.21 last year.Reported Earnings • Apr 18Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥0.21 (down from CN¥0.35 in FY 2022). Revenue: CN¥1.83b (up 7.7% from FY 2022). Net income: CN¥83.4m (down 42% from FY 2022). Profit margin: 4.6% (down from 8.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) also missed analyst estimates by 64%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Software industry in China.分析記事 • Apr 17Servyou Software Group Co., Ltd. (SHSE:603171) Analysts Are More Bearish Than They Used To BeThe analysts covering Servyou Software Group Co., Ltd. ( SHSE:603171 ) delivered a dose of negativity to shareholders...Major Estimate Revision • Apr 17Consensus revenue estimates fall by 10%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥2.39b to CN¥2.14b. EPS estimate fell from CN¥0.873 to CN¥0.58 per share. Net income forecast to grow 49% next year vs 66% growth forecast for Software industry in China. Consensus price target down from CN¥43.63 to CN¥40.96. Share price fell 8.4% to CN¥22.05 over the past week.お知らせ • Apr 16Servyou Software Group Co., Ltd., Annual General Meeting, May 08, 2024Servyou Software Group Co., Ltd., Annual General Meeting, May 08, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang Chinaお知らせ • Mar 29Servyou Software Group Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024Servyou Software Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024分析記事 • Mar 06Returns On Capital Signal Tricky Times Ahead For Servyou Software Group (SHSE:603171)Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Valuation Update With 7 Day Price Move • Feb 01Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥24.62, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 28x in the Software industry in China. Total loss to shareholders of 37% over the past year.New Risk • Jan 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (8.6% net profit margin).お知らせ • Dec 30Servyou Software Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 16, 2024Servyou Software Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 16, 2024Reported Earnings • Oct 18Third quarter 2023 earnings released: EPS: CN¥0.036 (vs CN¥0.036 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.036 (in line with 3Q 2022). Revenue: CN¥437.4m (up 11% from 3Q 2022). Net income: CN¥16.0m (up 21% from 3Q 2022). Profit margin: 3.7% (up from 3.4% in 3Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Software industry in China.お知らせ • Sep 30Servyou Software Group Co., Ltd. to Report Q3, 2023 Results on Oct 25, 2023Servyou Software Group Co., Ltd. announced that they will report Q3, 2023 results on Oct 25, 2023Reported Earnings • Aug 15Second quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.11 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.14 (up from CN¥0.11 in 2Q 2022). Revenue: CN¥427.3m (up 10% from 2Q 2022). Net income: CN¥55.5m (up 16% from 2Q 2022). Profit margin: 13% (in line with 2Q 2022). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Software industry in China.お知らせ • Jun 28Servyou Software Group Co., Ltd. to Report First Half, 2023 Results on Aug 15, 2023Servyou Software Group Co., Ltd. announced that they will report first half, 2023 results on Aug 15, 2023Reported Earnings • Apr 18Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: CN¥0.35 (down from CN¥0.60 in FY 2021). Revenue: CN¥1.70b (up 5.8% from FY 2021). Net income: CN¥143.9m (down 38% from FY 2021). Profit margin: 8.5% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) also missed analyst estimates by 44%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Software industry in China.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Changjiang Lu was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Nov 01Investor sentiment improved over the past weekAfter last week's 27% share price gain to CN¥32.36, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 30x in the Software industry in China. Total returns to shareholders of 8.0% over the past year.Reported Earnings • Oct 27Third quarter 2022 earnings released: EPS: CN¥0.036 (vs CN¥0.059 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.036 (down from CN¥0.059 in 3Q 2021). Revenue: CN¥392.6m (up 14% from 3Q 2021). Net income: CN¥13.2m (down 48% from 3Q 2021). Profit margin: 3.4% (down from 7.4% in 3Q 2021). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Software industry in China.Reported Earnings • Aug 20Second quarter 2022 earnings released: EPS: CN¥0.11 (vs CN¥0.16 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.11 (down from CN¥0.16 in 2Q 2021). Revenue: CN¥387.3m (down 4.9% from 2Q 2021). Net income: CN¥47.9m (down 16% from 2Q 2021). Profit margin: 12% (down from 14% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 26%, compared to a 31% growth forecast for the Software industry in China.Reported Earnings • Apr 28First quarter 2022 earnings released: EPS: CN¥0.075 (vs CN¥0.10 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.075 (down from CN¥0.10 in 1Q 2021). Revenue: CN¥298.9m (up 8.0% from 1Q 2021). Net income: CN¥30.4m (down 17% from 1Q 2021). Profit margin: 10% (down from 13% in 1Q 2021). The decrease in margin was driven by higher expenses.Reported Earnings • Apr 19Full year 2021 earnings released: EPS: CN¥0.60 (vs CN¥0.83 in FY 2020)Full year 2021 results: EPS: CN¥0.60 (down from CN¥0.83 in FY 2020). Revenue: CN¥1.60b (up 4.1% from FY 2020). Net income: CN¥230.8m (down 24% from FY 2020). Profit margin: 14% (down from 20% in FY 2020). The decrease in margin was driven by higher expenses.Valuation Update With 7 Day Price Move • Mar 15Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to CN¥33.12, the stock trades at a trailing P/E ratio of 52.7x. Average trailing P/E is 45x in the Software industry in China.Valuation Update With 7 Day Price Move • Feb 11Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥37.69, the stock trades at a trailing P/E ratio of 59.9x. Average trailing P/E is 53x in the Software industry in China.Valuation Update With 7 Day Price Move • Dec 24Investor sentiment improved over the past weekAfter last week's 19% share price gain to CN¥38.39, the stock trades at a trailing P/E ratio of 61x. Average trailing P/E is 54x in the Software industry in China.Reported Earnings • Aug 26Second quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.07 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥407.2m (up 50% from 2Q 2020). Net income: CN¥56.9m (up 129% from 2Q 2020). Profit margin: 14% (up from 9.2% in 2Q 2020). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Aug 16Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥42.43, the stock trades at a trailing P/E ratio of 49.7x. Average trailing P/E is 53x in the Software industry in China.Valuation Update With 7 Day Price Move • Jul 28Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to CN¥38.00, the stock trades at a trailing P/E ratio of 44.5x. Average trailing P/E is 50x in the Software industry in China.業績と収益の成長予測SHSE:603171 - アナリストの将来予測と過去の財務データ ( )CNY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20283,590619N/A987212/31/20272,914453N/A771312/31/20262,463312N/A57633/31/20262,09314394231N/A12/31/20252,05413671251N/A9/30/20252,088107-58132N/A6/30/20252,0539543235N/A3/31/20252,03110587264N/A12/31/20241,945113111274N/A9/30/20241,91796207363N/A6/30/20241,88584106277N/A3/31/20241,86184-22164N/A12/31/20231,8298360244N/A9/30/20231,814156-30118N/A6/30/20231,7701530112N/A3/31/20231,73014546149N/A12/31/20221,698144-8290N/A9/30/20221,656204-15581N/A6/30/20221,607216-105116N/A3/31/20221,627225-15478N/A12/31/20211,6052318154N/A9/30/20211,564255-3363N/A6/30/20211,622306-8998N/A3/31/20211,54631487240N/A12/31/20201,541302205338N/A3/31/20201,408281245276N/A12/31/20191,398284N/A225N/A12/31/20181,301273N/A454N/A12/31/2017878137N/A309N/A12/31/201674376N/A226N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 603171の予測収益成長率 (年間44.3% ) は 貯蓄率 ( 2.4% ) を上回っています。収益対市場: 603171の収益 ( 44.3% ) はCN市場 ( 26.8% ) よりも速いペースで成長すると予測されています。高成長収益: 603171の収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: 603171の収益 ( 19.1% ) CN市場 ( 15.6% ) よりも速いペースで成長すると予測されています。高い収益成長: 603171の収益 ( 19.1% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 603171の 自己資本利益率 は、3年後には低くなると予測されています ( 15.6 %)。成長企業の発掘7D1Y7D1Y7D1YSoftware 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/09 12:50終値2026/05/08 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Servyou Software Group Co., Ltd. 3 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。7 アナリスト機関Yan Jing WuChina Galaxy Securities Co., Ltd.Siyi TongChina International Capital Corporation LimitedShuyun CheChina International Capital Corporation Limited4 その他のアナリストを表示
Major Estimate Revision • Apr 29Consensus revenue estimates decrease by 15%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from CN¥2.87b to CN¥2.43b. EPS estimate unchanged from CN¥0.76 per share at last update. Software industry in China expected to see average net income growth of 55% next year. Consensus price target up from CN¥59.50 to CN¥70.00. Share price fell 7.0% to CN¥55.60 over the past week.
Price Target Changed • Jan 07Price target increased by 8.7% to CN¥59.50Up from CN¥54.72, the current price target is an average from 2 analysts. New target price is 7.0% below last closing price of CN¥63.95. Stock is up 133% over the past year. The company is forecast to post earnings per share of CN¥0.52 for next year compared to CN¥0.28 last year.
Price Target Changed • Feb 06Price target increased by 17% to CN¥42.90Up from CN¥36.63, the current price target is an average from 3 analysts. New target price is 13% above last closing price of CN¥37.98. Stock is up 53% over the past year. The company is forecast to post earnings per share of CN¥0.45 for next year compared to CN¥0.21 last year.
Major Estimate Revision • Aug 26Consensus EPS estimates fall by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥2.19b to CN¥2.11b. EPS estimate also fell from CN¥0.608 per share to CN¥0.52 per share. Net income forecast to grow 241% next year vs 51% growth forecast for Software industry in China. Consensus price target of CN¥36.63 unchanged from last update. Share price fell 3.2% to CN¥23.82 over the past week.
Major Estimate Revision • Jun 28Consensus EPS estimates increase by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥2.14b to CN¥2.19b. EPS estimate increased from CN¥0.55 to CN¥0.608 per share. Net income forecast to grow 239% next year vs 54% growth forecast for Software industry in China. Consensus price target up from CN¥36.63 to CN¥39.29. Share price rose 27% to CN¥28.92 over the past week.
Price Target Changed • Apr 20Price target decreased by 16% to CN¥36.63Down from CN¥43.63, the current price target is an average from 3 analysts. New target price is 69% above last closing price of CN¥21.61. Stock is down 51% over the past year. The company is forecast to post earnings per share of CN¥0.57 for next year compared to CN¥0.21 last year.
Major Estimate Revision • Apr 29Consensus revenue estimates decrease by 15%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from CN¥2.87b to CN¥2.43b. EPS estimate unchanged from CN¥0.76 per share at last update. Software industry in China expected to see average net income growth of 55% next year. Consensus price target up from CN¥59.50 to CN¥70.00. Share price fell 7.0% to CN¥55.60 over the past week.
New Risk • Apr 26New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 25% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company.
Reported Earnings • Apr 24First quarter 2026 earnings released: EPS: CN¥0.08 (vs CN¥0.06 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.08 (up from CN¥0.06 in 1Q 2025). Revenue: CN¥487.6m (up 8.7% from 1Q 2025). Net income: CN¥31.3m (up 26% from 1Q 2025). Profit margin: 6.4% (up from 5.5% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
お知らせ • Apr 23Servyou Software Group Co., Ltd., Annual General Meeting, May 14, 2026Servyou Software Group Co., Ltd., Annual General Meeting, May 14, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China
New Risk • Apr 02New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.4% average weekly change). Large one-off items impacting financial results.
お知らせ • Mar 30Servyou Software Group Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026Servyou Software Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026
Price Target Changed • Jan 07Price target increased by 8.7% to CN¥59.50Up from CN¥54.72, the current price target is an average from 2 analysts. New target price is 7.0% below last closing price of CN¥63.95. Stock is up 133% over the past year. The company is forecast to post earnings per share of CN¥0.52 for next year compared to CN¥0.28 last year.
お知らせ • Dec 26Servyou Software Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026Servyou Software Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026
Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: CN¥0.10 (vs CN¥0.07 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.10 (up from CN¥0.07 in 3Q 2024). Revenue: CN¥503.7m (up 7.4% from 3Q 2024). Net income: CN¥39.4m (up 42% from 3Q 2024). Profit margin: 7.8% (up from 5.9% in 3Q 2024). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.
New Risk • Oct 14New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 191% Dividend yield: 0.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (191% cash payout ratio). Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results.
お知らせ • Sep 30Servyou Software Group Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Servyou Software Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025
Reported Earnings • Aug 22Second quarter 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.14 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.11 (down from CN¥0.14 in 2Q 2024). Revenue: CN¥473.7m (up 4.8% from 2Q 2024). Net income: CN¥46.3m (down 17% from 2Q 2024). Profit margin: 9.8% (down from 12% in 2Q 2024). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings.
Buy Or Sell Opportunity • Jul 15Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 3.8% to CN¥43.54. The fair value is estimated to be CN¥35.95, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has declined by 32%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 298% in the next 2 years.
New Risk • Jul 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (94% cash payout ratio). Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results.
お知らせ • Jun 30Servyou Software Group Co., Ltd. to Report First Half, 2025 Results on Aug 20, 2025Servyou Software Group Co., Ltd. announced that they will report first half, 2025 results on Aug 20, 2025
Buy Or Sell Opportunity • Jun 24Now 21% overvaluedOver the last 90 days, the stock has fallen 7.8% to CN¥40.45. The fair value is estimated to be CN¥33.37, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has declined by 32%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 298% in the next 2 years.
New Risk • Jun 20New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 94% Dividend yield: 0.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (94% cash payout ratio). Large one-off items impacting financial results.
Buy Or Sell Opportunity • May 29Now 24% overvaluedThe stock has been flat over the last 90 days, currently trading at CN¥41.79. The fair value is estimated to be CN¥33.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has declined by 32%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 298% in the next 2 years.
Declared Dividend • May 26Dividend increased to CN¥0.20Dividend of CN¥0.20 is 33% higher than last year. Ex-date: 29th May 2025 Payment date: 29th May 2025 Dividend yield will be 0.5%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (77% earnings payout ratio) but not adequately covered by cash flows (94% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 216% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
New Risk • Apr 21New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 28% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results.
Reported Earnings • Apr 19Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥0.28 (up from CN¥0.21 in FY 2023). Revenue: CN¥1.95b (up 6.4% from FY 2023). Net income: CN¥112.6m (up 35% from FY 2023). Profit margin: 5.8% (up from 4.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) also missed analyst estimates by 29%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
お知らせ • Apr 18Servyou Software Group Co., Ltd., Annual General Meeting, May 09, 2025Servyou Software Group Co., Ltd., Annual General Meeting, May 09, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China
Buy Or Sell Opportunity • Apr 16Now 20% undervaluedOver the last 90 days, the stock has risen 47% to CN¥41.96. The fair value is estimated to be CN¥52.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 49% in 2 years. Earnings are forecast to grow by 345% in the next 2 years.
お知らせ • Mar 28Servyou Software Group Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025Servyou Software Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025
Buy Or Sell Opportunity • Mar 24Now 20% undervaluedOver the last 90 days, the stock has risen 36% to CN¥43.90. The fair value is estimated to be CN¥55.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 52% in 2 years. Earnings are forecast to grow by 309% in the next 2 years.
分析記事 • Mar 19Unpleasant Surprises Could Be In Store For Servyou Software Group Co., Ltd.'s (SHSE:603171) SharesWhen close to half the companies in the Software industry in China have price-to-sales ratios (or "P/S") below 7.8x...
Buy Or Sell Opportunity • Feb 27Now 22% undervaluedOver the last 90 days, the stock has risen 41% to CN¥43.77. The fair value is estimated to be CN¥55.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 52% in 2 years. Earnings are forecast to grow by 309% in the next 2 years.
Buy Or Sell Opportunity • Feb 12Now 30% overvalued after recent price riseOver the last 90 days, the stock has risen 38% to CN¥42.67. The fair value is estimated to be CN¥32.81, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 53% in 2 years. Earnings are forecast to grow by 319% in the next 2 years.
Price Target Changed • Feb 06Price target increased by 17% to CN¥42.90Up from CN¥36.63, the current price target is an average from 3 analysts. New target price is 13% above last closing price of CN¥37.98. Stock is up 53% over the past year. The company is forecast to post earnings per share of CN¥0.45 for next year compared to CN¥0.21 last year.
New Risk • Jan 31New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Profit margins are more than 30% lower than last year (5.0% net profit margin).
Buy Or Sell Opportunity • Jan 03Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.2% to CN¥27.64. The fair value is estimated to be CN¥35.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 52% in 2 years. Earnings are forecast to grow by 305% in the next 2 years.
お知らせ • Dec 27Servyou Software Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 18, 2025Servyou Software Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 18, 2025
分析記事 • Dec 20Servyou Software Group (SHSE:603171) Could Be Struggling To Allocate CapitalThere are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a...
分析記事 • Nov 12Servyou Software Group Co., Ltd.'s (SHSE:603171) Shares Climb 30% But Its Business Is Yet to Catch UpDespite an already strong run, Servyou Software Group Co., Ltd. ( SHSE:603171 ) shares have been powering on, with a...
Buy Or Sell Opportunity • Oct 30Now 22% undervaluedOver the last 90 days, the stock has risen 9.7% to CN¥28.61. The fair value is estimated to be CN¥36.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 52% in 2 years. Earnings are forecast to grow by 305% in the next 2 years.
Reported Earnings • Oct 25Third quarter 2024 earnings released: EPS: CN¥0.07 (vs CN¥0.036 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.07 (up from CN¥0.036 in 3Q 2023). Revenue: CN¥469.1m (up 7.3% from 3Q 2023). Net income: CN¥27.7m (up 73% from 3Q 2023). Profit margin: 5.9% (up from 3.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Oct 09Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to CN¥27.91. The fair value is estimated to be CN¥36.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has declined by 43%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 331% in the next 2 years.
お知らせ • Sep 30Servyou Software Group Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024Servyou Software Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024
Major Estimate Revision • Aug 26Consensus EPS estimates fall by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥2.19b to CN¥2.11b. EPS estimate also fell from CN¥0.608 per share to CN¥0.52 per share. Net income forecast to grow 241% next year vs 51% growth forecast for Software industry in China. Consensus price target of CN¥36.63 unchanged from last update. Share price fell 3.2% to CN¥23.82 over the past week.
Reported Earnings • Aug 20Second quarter 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.14 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.14. Revenue: CN¥451.8m (up 5.7% from 2Q 2023). Net income: CN¥55.5m (flat on 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China.
分析記事 • Aug 02Servyou Software Group Co., Ltd.'s (SHSE:603171) 25% Share Price Plunge Could Signal Some RiskThe Servyou Software Group Co., Ltd. ( SHSE:603171 ) share price has softened a substantial 25% over the previous 30...
Buy Or Sell Opportunity • Jul 24Now 21% undervaluedOver the last 90 days, the stock has risen 11% to CN¥25.85. The fair value is estimated to be CN¥32.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has declined by 42%. Revenue is forecast to grow by 48% in 2 years. Earnings are forecast to grow by 387% in the next 2 years.
分析記事 • Jul 13These 4 Measures Indicate That Servyou Software Group (SHSE:603171) Is Using Debt ExtensivelyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
お知らせ • Jun 29Servyou Software Group Co., Ltd. to Report First Half, 2024 Results on Aug 20, 2024Servyou Software Group Co., Ltd. announced that they will report first half, 2024 results on Aug 20, 2024
Major Estimate Revision • Jun 28Consensus EPS estimates increase by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥2.14b to CN¥2.19b. EPS estimate increased from CN¥0.55 to CN¥0.608 per share. Net income forecast to grow 239% next year vs 54% growth forecast for Software industry in China. Consensus price target up from CN¥36.63 to CN¥39.29. Share price rose 27% to CN¥28.92 over the past week.
分析記事 • Jun 07Investor Optimism Abounds Servyou Software Group Co., Ltd. (SHSE:603171) But Growth Is LackingWith a median price-to-sales (or "P/S") ratio of close to 4.4x in the Software industry in China, you could be forgiven...
分析記事 • May 14Are Investors Undervaluing Servyou Software Group Co., Ltd. (SHSE:603171) By 22%?Key Insights The projected fair value for Servyou Software Group is CN¥29.97 based on 2 Stage Free Cash Flow to Equity...
Buy Or Sell Opportunity • May 10Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.3% to CN¥23.94. The fair value is estimated to be CN¥29.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has declined by 42%. Revenue is forecast to grow by 45% in 2 years. Earnings are forecast to grow by 370% in the next 2 years.
Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: CN¥0.08 (vs CN¥0.08 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.08 (in line with 1Q 2023). Revenue: CN¥362.7m (up 9.7% from 1Q 2023). Net income: CN¥32.8m (up 2.4% from 1Q 2023). Profit margin: 9.0% (in line with 1Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Software industry in China.
分析記事 • Apr 22There Might Be More To Servyou Software Group's (SHSE:603171) Story Than Just Weak EarningsServyou Software Group Co., Ltd.'s ( SHSE:603171 ) lackluster earnings announcement last week disappointed investors...
Price Target Changed • Apr 20Price target decreased by 16% to CN¥36.63Down from CN¥43.63, the current price target is an average from 3 analysts. New target price is 69% above last closing price of CN¥21.61. Stock is down 51% over the past year. The company is forecast to post earnings per share of CN¥0.57 for next year compared to CN¥0.21 last year.
Reported Earnings • Apr 18Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥0.21 (down from CN¥0.35 in FY 2022). Revenue: CN¥1.83b (up 7.7% from FY 2022). Net income: CN¥83.4m (down 42% from FY 2022). Profit margin: 4.6% (down from 8.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) also missed analyst estimates by 64%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Software industry in China.
分析記事 • Apr 17Servyou Software Group Co., Ltd. (SHSE:603171) Analysts Are More Bearish Than They Used To BeThe analysts covering Servyou Software Group Co., Ltd. ( SHSE:603171 ) delivered a dose of negativity to shareholders...
Major Estimate Revision • Apr 17Consensus revenue estimates fall by 10%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥2.39b to CN¥2.14b. EPS estimate fell from CN¥0.873 to CN¥0.58 per share. Net income forecast to grow 49% next year vs 66% growth forecast for Software industry in China. Consensus price target down from CN¥43.63 to CN¥40.96. Share price fell 8.4% to CN¥22.05 over the past week.
お知らせ • Apr 16Servyou Software Group Co., Ltd., Annual General Meeting, May 08, 2024Servyou Software Group Co., Ltd., Annual General Meeting, May 08, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China
お知らせ • Mar 29Servyou Software Group Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024Servyou Software Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024
分析記事 • Mar 06Returns On Capital Signal Tricky Times Ahead For Servyou Software Group (SHSE:603171)Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Valuation Update With 7 Day Price Move • Feb 01Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥24.62, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 28x in the Software industry in China. Total loss to shareholders of 37% over the past year.
New Risk • Jan 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (8.6% net profit margin).
お知らせ • Dec 30Servyou Software Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 16, 2024Servyou Software Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 16, 2024
Reported Earnings • Oct 18Third quarter 2023 earnings released: EPS: CN¥0.036 (vs CN¥0.036 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.036 (in line with 3Q 2022). Revenue: CN¥437.4m (up 11% from 3Q 2022). Net income: CN¥16.0m (up 21% from 3Q 2022). Profit margin: 3.7% (up from 3.4% in 3Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Software industry in China.
お知らせ • Sep 30Servyou Software Group Co., Ltd. to Report Q3, 2023 Results on Oct 25, 2023Servyou Software Group Co., Ltd. announced that they will report Q3, 2023 results on Oct 25, 2023
Reported Earnings • Aug 15Second quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.11 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.14 (up from CN¥0.11 in 2Q 2022). Revenue: CN¥427.3m (up 10% from 2Q 2022). Net income: CN¥55.5m (up 16% from 2Q 2022). Profit margin: 13% (in line with 2Q 2022). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Software industry in China.
お知らせ • Jun 28Servyou Software Group Co., Ltd. to Report First Half, 2023 Results on Aug 15, 2023Servyou Software Group Co., Ltd. announced that they will report first half, 2023 results on Aug 15, 2023
Reported Earnings • Apr 18Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: CN¥0.35 (down from CN¥0.60 in FY 2021). Revenue: CN¥1.70b (up 5.8% from FY 2021). Net income: CN¥143.9m (down 38% from FY 2021). Profit margin: 8.5% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) also missed analyst estimates by 44%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Software industry in China.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Changjiang Lu was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Nov 01Investor sentiment improved over the past weekAfter last week's 27% share price gain to CN¥32.36, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 30x in the Software industry in China. Total returns to shareholders of 8.0% over the past year.
Reported Earnings • Oct 27Third quarter 2022 earnings released: EPS: CN¥0.036 (vs CN¥0.059 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.036 (down from CN¥0.059 in 3Q 2021). Revenue: CN¥392.6m (up 14% from 3Q 2021). Net income: CN¥13.2m (down 48% from 3Q 2021). Profit margin: 3.4% (down from 7.4% in 3Q 2021). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Software industry in China.
Reported Earnings • Aug 20Second quarter 2022 earnings released: EPS: CN¥0.11 (vs CN¥0.16 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.11 (down from CN¥0.16 in 2Q 2021). Revenue: CN¥387.3m (down 4.9% from 2Q 2021). Net income: CN¥47.9m (down 16% from 2Q 2021). Profit margin: 12% (down from 14% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 26%, compared to a 31% growth forecast for the Software industry in China.
Reported Earnings • Apr 28First quarter 2022 earnings released: EPS: CN¥0.075 (vs CN¥0.10 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.075 (down from CN¥0.10 in 1Q 2021). Revenue: CN¥298.9m (up 8.0% from 1Q 2021). Net income: CN¥30.4m (down 17% from 1Q 2021). Profit margin: 10% (down from 13% in 1Q 2021). The decrease in margin was driven by higher expenses.
Reported Earnings • Apr 19Full year 2021 earnings released: EPS: CN¥0.60 (vs CN¥0.83 in FY 2020)Full year 2021 results: EPS: CN¥0.60 (down from CN¥0.83 in FY 2020). Revenue: CN¥1.60b (up 4.1% from FY 2020). Net income: CN¥230.8m (down 24% from FY 2020). Profit margin: 14% (down from 20% in FY 2020). The decrease in margin was driven by higher expenses.
Valuation Update With 7 Day Price Move • Mar 15Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to CN¥33.12, the stock trades at a trailing P/E ratio of 52.7x. Average trailing P/E is 45x in the Software industry in China.
Valuation Update With 7 Day Price Move • Feb 11Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥37.69, the stock trades at a trailing P/E ratio of 59.9x. Average trailing P/E is 53x in the Software industry in China.
Valuation Update With 7 Day Price Move • Dec 24Investor sentiment improved over the past weekAfter last week's 19% share price gain to CN¥38.39, the stock trades at a trailing P/E ratio of 61x. Average trailing P/E is 54x in the Software industry in China.
Reported Earnings • Aug 26Second quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.07 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥407.2m (up 50% from 2Q 2020). Net income: CN¥56.9m (up 129% from 2Q 2020). Profit margin: 14% (up from 9.2% in 2Q 2020). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Aug 16Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥42.43, the stock trades at a trailing P/E ratio of 49.7x. Average trailing P/E is 53x in the Software industry in China.
Valuation Update With 7 Day Price Move • Jul 28Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to CN¥38.00, the stock trades at a trailing P/E ratio of 44.5x. Average trailing P/E is 50x in the Software industry in China.